Economists at Bank of America lifted their forecast for third-quarter US GDP growth to 27% from 15% on Friday,

Authentic Nouveau

Well-known member
Atlanta prediction is up 35%

More official number expected Oct 29.

Apparently Blue state lock downs are just not as damaging as Blue state gobernors wanted.
 
2020 US GDP growth:

-5.0% - 1st quarter
-31.4% - 2nd quarter
34.6% - 3rd quarter
1.5% - 4th quarter (estimate)


for an annual 2020 GDP growth rate of -3.5%. Not exactly a growth rate to be proud of.
 

Thistle

Active member
2020 US GDP growth:

-5.0% - 1st quarter
-31.4% - 2nd quarter
34.6% - 3rd quarter
1.5% - 4th quarter (estimate)


for an annual 2020 GDP growth rate of -3.5%. Not exactly a growth rate to be proud of.
"The U.S. economy experienced the largest quarterly increase in history in the third quarter, according to the Atlanta Fed's GDPNow tracker.
Over the weekend, the Federal Reserve Bank of Atlanta's tracker increased its estimate of GDP growth to 34%."
[link]

What are you talking about? Best in history not good enough?
 

Authentic Nouveau

Well-known member
"The U.S. economy experienced the largest quarterly increase in history in the third quarter, according to the Atlanta Fed's GDPNow tracker.
Over the weekend, the Federal Reserve Bank of Atlanta's tracker increased its estimate of GDP growth to 34%."
[link]

What are you talking about? Best in history not good enough?
A Trump hating Canadian from Oilberta. Their unemployment rate is 12% and my red state over 5%. I predicted a sharp drop and a steep recovery.

4th quarter will be strong because M1 and M2 money supply levels are very high.
 

Authentic Nouveau

Well-known member
U.S. GDP grew 33.1% in the third quarter, vs 32% estimate

This creates pain for tyrannical Democrate governors who have the nastiest lockdowns.
 

Authentic Nouveau

Well-known member
It is irrational for Trump supporters to brag about the 3rd quarter increase in GDP, when the increase doesn't make up for the massive loss in GDP in the first two quarters.
It is irrational for socialists from Oilberta to comment on American economics.

Oilberta has 12% unemployment. Ignorant leaders.

Our unemployment here is well under 6%

Canadian socialists are driving manufacturing to america.

Example Boeing is 147.08
Blackface Turdolt who is as crooked as Biden, drove
Bombardier $.24

Lastly Canadian healthcare is dirty, slow and inferior. Dishonest Trolls try to do finger pointing to the President Trump.

Catch wuhan flu in Canada, you need to sneak into America for clean care.
 

Authentic Nouveau

Well-known member
Stock market is down.

Obama drove it down toward 6,000 Dow.

It is only 20,000 points higher than Obama's mess.

Some uneducated leftist will display the urge to pick a date and mumble about "ground to recover"

But will not mention Bombardier at 24 cents having ground to make up.

24 cents. Horton donut 99 cents.
 

Authentic Nouveau

Well-known member
The Fed is running out of fire power. They can't lower rates.

Lowering rates didn't work under Obama who found tricks to choke growth.
Consumer spending is most of GDP growth and both M1 and M2 are very very high.

Housing starts are up from year ago.

housing starts increased 11.1% in September 2020 compared with September 2019.
 

Thistle

Active member
A Trump hating Canadian from Oilberta. Their unemployment rate is 12% and my red state over 5%. I predicted a sharp drop and a steep recovery.

4th quarter will be strong because M1 and M2 money supply levels are very high.
Nothing is more dangerous than a liberal blue state Governor being proven wrong. Jelly Belly in Illinois is throwing on the breaks again with another full blown lock-down. I think some one pointed out that there may be one or two restaurants that are still solvent that he hasn't asphyxiated yet.

🎵🎵As-phyx-i-aa-tion is making me wait 🎵🎵
 

Authentic Nouveau

Well-known member
Nothing is more dangerous than a liberal blue state Governor being proven wrong. Jelly Belly in Illinois is throwing on the breaks again with another full blown lock-down. I think some one pointed out that there may be one or two restaurants that are still solvent that he hasn't asphyxiated yet.

🎵🎵As-phyx-i-aa-tion is making me wait 🎵🎵
We have3 Chick-Fil-A stores here. Half a mile of cars at lunch. 8 cashiers outside with tablets who also can make change and take plastic. No indoor dining. They move product out of 2 lines and 1 drive up window. 2-3 people running from the window to cars. I think their sales are up.
The gay protests also boosted their business.


Our general cafes have tables open and spread out.
 

Thistle

Active member
We have3 Chick-Fil-A stores here. Half a mile of cars at lunch. 8 cashiers outside with tablets who also can make change and take plastic. No indoor dining. They move product out of 2 lines and 1 drive up window. 2-3 people running from the window to cars. I think their sales are up.
The gay protests also boosted their business.


Our general cafes have tables open and spread out.
Once the temperature drops to zero in Chicago, it will be really easy to get one of these sidewalk tables at any of our finest eateries.
 

Authentic Nouveau

Well-known member
2019Q4: $19.25 trillion…
2020Q1: $19.01 trillion…
2020Q2: $17.30 trillion…
2020Q3: $18.58 trillion…

Above are annual rate figures. US is leading global recovery and 24.8% of Planet's GDP
 

J regia

Member
2019Q4: $19.25 trillion…
2020Q1: $19.01 trillion…
2020Q2: $17.30 trillion…
2020Q3: $18.58 trillion…

Above are annual rate figures. US is leading global recovery and 24.8% of Planet's GDP
Cool. In 2016 the GDP was $18.905 trillion and the gross DEBT to GDP ratio was 106%, and the budget deficit was $599 billion.

Congratulations to trump for decreasing the GDP to 18.58 trillion since 2016 and increasing the total DEBT to GDP ratio to 154.23%, and increasing the budget deficit to $4,269 billion.
 

Authentic Nouveau

Well-known member
It is irrational for Trump supporters to brag about the 3rd quarter increase in GDP, when the increase doesn't make up for the massive loss in GDP in the first two quarters.
So Your backward Oilberta has 12% unemployment.

Every time you whine about America, you can't man up and notice it is twice as bad under Black Face Turdolt. Who is as corrupt and dirty as Biden.

Bombardier $.21

21 cents.

Why such a stink?
Close to 4 dollars 2 years ago?

You must be proud of how Marxist Black face Turdolt damages business.


They you punish moms with rip off milk prices.

Your trick was you NEVer Mentioned production quotas. marxism
 
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